Countdown to Closing

As you’re working with your lender and getting all your documents into them, they are working on getting the approval for your mortgage. The last couple of weeks preceding your closing date will be important to check off some of the last targets and tasks we need to accomplish to get you into your new home:

1-2 weeks before closing:

• Lender issues Mortgage Commitment letter that confirms you will be able to finance the property, and also may include the final steps they need you to take to get final approval.

• You will want to obtain homeowners insurance if the lender has not had you do so already.

About a week before closing:

• Lender issues final approval and “clear to close” to the closing attorney who will reach out to us to schedule the closing time and location.

• You’ll want to call to transfer utilities and services in your name at your new home such as Electric, Water/Sewer, Cable/Internet, Gas/Oil Delivery, Mail Forwarding, etc.

• We’ll check with listing agent to make sure all agreed upon repairs are completed and receipts provided as requested.

3 days before closing:

• Sign and return the Closing Disclosure from the lender/closing attorney that shows all the figures and costs associated with the financing, as well as how much you’ll need to bring for closing costs to the closing.

• Remember to get a bank or cashier’s check for the amount of final closing costs from your financial institution.

Day before or morning of closing:

• We’ll do the final walk though at the property to make sure everything is left in the condition we expected them to be in, and that agreed upon items to be left are there (such as appliances).

Almost at the finish line!!